..our 52 week highs have put in an impressive 5 day run here, wish the price action was following. For this market, these runs have reached their peak at 7 or 8 bars in so we should be close here to turning for a correction...
.. it is just chopping around in this neutral zone as confused as the rest of us on whether or not this market is going up or down. Unable to get into oversold or overbought. I am anxious to see how this resolves as this is the only indicator of the ones I closely follow that is not screaming BULL! My weighting for this indicator might change as the market resolves its current in-decision.
.. the NYSE is now 3 days flat. It was still enough to improve the 5 DMA giving us a + 5 on the charts.
.. today's weak toping action. Someday we will hold our highs or sell off. The market is teaching us to sell new highs and buy the close over the last few days. The early morning bullish pressure is what sets up the strength of my indicators. The New Highs spike, the 10 day high-low spikes setting up bullish looking charts, then the A/D lines deteriorate leaving other indicators like the Zweig looking weak. This will work our soon..

